London, UK -- (SBWIRE) -- 04/20/2022 -- Consumer IoT is a broad concept that refers to a variety of internet-connected individual devices such as mobile phones, wearable devices, fashion accessories, and electronic gadgets. In terms of devices and applications, the internet of things differs from consumer IoTs. The internet-connected home appliances allow humans to reduce their workload. Amazon Echo and Google Home, for example, have become a hotspot for smart home devices and their vocal style assistants by providing convenience across homes. Amazon Alexa's skills had reached 100,000 as of September 2019, up from 80,000 in December 2018. Voice assistants' expanding technical skills trigger high functionality in order to control multiple home operational activities, brightness, and temperature.

It also provides improved business insights, business streamlining, resource tracking, improved interaction and communication with people, and many other benefits. The development of numerous web applications, as well as the integration of connection capability in a vast number of devices and applications, have significantly pushed the expansion of the consumer IoT market across many end-user businesses. According to the Internet & Television Association, the proportion of Wireless devices market 50.1 billion by 2020, up from 34.8 billion in 2018. Furthermore, as 5G network deployments for powering IoT consumer electronics gain momentum, allied revenues are projected to increase significantly.

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Major Key Company Profiles included in Consumer IoT Market are listed below:

-Qualcomm Incorporated
-Texas Instruments Incorporated
-NXP Semiconductors N.V.
-Intel Corporation
-STMicroelectronics
-International Business Machines Corporation
-General Electric
-Symantec Corporation
-Cisco Systems, Inc.
-Amazon.com, Inc.

This report gives a thorough market assessment, highlighting information on various aspects, including drivers, constraints, opportunities, and threats. This information can help stakeholders to decide whether to invest in the global Consumer IoT market. This report covers the global and regional market with an in-depth analysis of the overall growth prospects in the Consumer IoT market.

This report contains an estimate in value and volume of the market size. In order to estimate and validate the dimensions of the market, we used both top-down and bottom-up approaches. We identified market players in secondary research, and determined their market shares by primary and secondary research. All shares, splits, and disintegrations of percentages were determined by secondary sources and verified by primary sources.

Consumer IoT Market Segmentation Overview 2022

This report provides a comprehensive analysis of the global Consumer IoT market. It provides a breakdown of the market according to segmentation such as type, application, region, and end-use. The study includes qualitative and quantitative analysis based on both economic and non-economic factors that impact the market.

The Consumer IoT Market Segments and Sub-Segments are Listed Below:

By Offerings:
-Node Components
-Network Infrastructure
-Solutions and Services

By End-Use Application:
-Wearable Devices
-Consumer Electronics
-Healthcare
-Home Automation
-Automotive

In this study, the years considered to estimate the market size of Consumer IoT are as follows:

-History Year: 2016-2020
-Base Year: 2021
-Estimated Year: 2022
-Forecast Year 2022 to 2028

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Regional Analysis

-North America [United States, Canada]
-Europe [Germany, France, U.K., Italy, Russia]
-Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
-Latin America [Mexico, Brazil, Argentina]
-Middle East & Africa [Turkey, Saudi Arabia, UAE]

Competitive Scenario

The competitive landscape has undergone significant changes in the past couple of years, with new product and service launches and partnerships, company expansion and acquisitions. Major companies profiled include company overviews, insights into products and services, and a SWOT analysis of each company's strengths, weaknesses, opportunities, and threats in the market.

Primary and secondary research has been used to explore the Consumer IoT market. Experts across the regions have been interviewed for their opinions on the market. Their responses have contributed to a competitive landscape analysis of the market. This has illuminated players' current market structure. The report also informs readers about some of the world's most important issues.

Frequently Asked Question in Consumer IoT Market Report:

-What is the projected market value of the global Consumer IoT market?
-What key trends are driving Consumer IoT demand growth?
-Which region leads the global Consumer IoT market?
-Who are the major companies in the Consumer IoT market?
-What is the future growth rate of the Consumer IoT market in the forecast period?

Table of Contents – Major Key Points

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global Market Industry Analysis
Chapter 5. Global Consumer IoT Market, by Offerings
Chapter 6. Global Consumer IoT Market, by End Use Applications
Chapter 7. Global Consumer IoT Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Research Process

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